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4 years ago

14

What is a credit limit? AThe required payment to your credit card company. BHow many credit cards you can own. CThe amount of in

terest you are charged each month. DThe maximum amount you can charge each billing cycle.

1 answer:

Zolol [24]4 years ago

7 0

B how many credit cards you can own

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Amortizing a loan P over n periods at i% interest / period, the payment per period is given by:
$A= P(i(1+i)^n)/((1+i)^n-1)$

In given situation,
P=20000
period=month
i=10%/12
n=5*12=60 months

A. monthly payment amount
$A= P(i(1+i)^n)/((1+i)^n-1)$
$= 20000(.1/12(1+.1/12)^60)/((1+.1/12)^60-1)$
$=424.98$ to the nearest cent

B. EAR (effective annual rate)
the APR is 10%, but compounded monthly.
So
EAR=(1+i/12)^12-1
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3 years ago

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Answer:

D. brings buyers and sellers together

Explanation:

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3 years ago

A good rule of thumb is to spend no more than __% of your monthly gross income on rent. 20 25 30 40

Alexxandr [17]

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The "four P's" of marketing are

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